Canadian law complicates potential Blackberry sale

The Investment Canada Act will force the government to investigate any foreign purchase of the company

Do you still have a Blackberry? Given the prevalence of iPhones and Android-power devices in the current smartphone market, the chances aren’t as great as they were five years ago. BlackBerry Ltd. recognizes this fact as well, and the company recently formed a special committee to explore a company sale. But before Blackberry can sell its assets, it will need to untangle the web of the Canadian legal system first.

BlackBerry’s primary shareholder, Toronto-based Fairfax Financial Holdings Ltd., is unlikely to buy the company outright and has not had success rousing support for a deal with Canadian pension fund managers. This makes domestic purchase of the smartphone maker unlikely.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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